Dear Christopher,
Thanks so much for the prompt and comprehensive answer. I am struggling but
getting there.
Much appreciated.
Happy Friday!
-Laurel.
> On 25 Apr 2019, at 17:03, Christopher Lam wrote:
>
> Hi Laurel
>
> Quarterly VAT reports are a breeze if your VAT collected/paid accounts are
> set up as liability/asset accounts. Use the "Income & GST Statement" report
> present in version 3.0 and above, select income & expense accounts and your
> VAT accounts.
>
> You'll probably wish to select 'start of last quarter' to 'end of last
> quarter' in the date filter. Each transaction found is analysed; the
> sales&purchases, and the VAT parts are pulled out, and reported and summed -
> either into each account, or per amount type
> (sales/purchase/vat-sales/vat-purchases). To that matter, if you have EC
> sales you'll need separate EC VAT liability accounts which can be reported
> separately.
>
> MTD is another issue altogether and there is no inbuilt solution. Unless
> someone creates a built-in MTD bridge, your best bet for now is to find a
> suitable HMRC VAT bridging software, and plug the amounts obtained above.
>
> Good luck, ask any questions!
>
> On Thu, 25 Apr 2019 at 15:44, Laurel Brunner <mailto:l...@digitaldots.org>> wrote:
> Dear Helpful people,
>
> How do I produce quarterly VAT reports from Gnucash?
>
> I did it once before for the previous quarter and crosschecked it with a
> manual accounting of the VAT. And it worked, but I cannot remember how I did
> this, and cannot find any help online.
>
> Also, have you done anything to support the UK government’s mandate that VAT
> returns are filed automatically: Making Tax Digital?
>
> Many thanks.
>
> -Laurel.
>
> Laurel Brunner
> Digital Dots Limited
> The Clock Tower
> Southover
> Spring Lane
> Burwash
> East Sussex
> TN19 7JB
> UK
>
> +44 (0)1435 883565
> +44 (0)7721 424449
>
> Please check out our subscriber supported journal at
> http://www.spindrift.click <http://www.spindrift.click/>
> <http://www.spindrift.click/ <http://www.spindrift.click/>> and our
> environmental blogs at http://www.verdigrisproject.com
> <http://www.verdigrisproject.com/> <http://www.verdigrisproject.com/
> <http://www.verdigrisproject.com/>>
>
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-Laurel.
Laurel Brunner
Digital Dots Limited
The Clock Tower
Southover
Spring Lane
Burwash
East Sussex
TN19 7JB
UK
+44 (0)1435 883565
+44 (0)7721 424449
Please check out our subscriber supported journal at http://www.spindrift.click
and our environmental blogs at http://www.verdigrisproject.com
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